“To put it bluntly, this means American taxpayers are effectively footing the bill for China’s own technological development. research institutions and companies, blunting our nation’s advancement and costing American jobs.Ĭhina then leverages its ill-gotten gains to undercut U.S. And we are seeing more and more of these cases,” he said. News and stories on China-US relations The Epoch Times US-China Relations US Mulls Lifting Some China Tariffs to Fight Inflation WASHINGTONU.S. Wray noted that Charles Lieber, chair of Harvard’s Department of Chemistry and Chemical Biology, was indicted last month for making false statements to federal authorities about his participation in a China program. Commerce Secretary Gina Raimondo said on Sunday. The Big Shorts Short Squeeze - US Short Squeeze - Australia Short Squeeze - Canada Short Squeeze. The United States has alleged that Lieber concealed from both Harvard his position as a strategic scientist at a Chinese university-and the fact that the Chinese government was paying him, through the Wuhan Institute of Technology, a $50,000 monthly stipend, more than $150,000 in living expenses, and more than $1.5 million to establish a laboratory in China, Wray said.
Quantum computing, IPOs, startups, future companies, business models. “Confronting this threat effectively does not mean we shouldn’t do business with the Chinese.
Click to read Quantum Foundry, by Michael Spencer, a Substack publication with thousands of readers.
It does not mean we shouldn’t host Chinese visitors. It does not mean we shouldn’t welcome Chinese students or coexist with China on the world stage. But it does mean that when China violates our criminal laws and international norms, we are not going to tolerate it, much less enable it,” he said. Chinese medical data firm LinkDoc Technology is reportedly looking to raise between 200m and 300m from a private fundraiser, weeks after it froze plans for a US float. Wray also drew a distinction between his criticism of China and Chinese-Americans. “This is not about the Chinese people, and it’s certainly not about Chinese Americans. For generations, people have journeyed from China to the United States to secure the blessings of liberty for themselves and their families-and our society is better for their contributions,” he added.Keep, Ximalaya, and LinkDoc call off their US IPO plans - PingWest English 中文 Every year, the United States welcomes more than 100,000 Chinese students and researchers into this country. Keep, Ximalaya, and LinkDoc call off their US IPO plans J9:17 pmĬhinese fitness app Keep, podcasting platform Ximalaya, medical solution provider LinkDoc reportedly canceled their US IPO plans after Didi debacle.ĭetails: Keep did not go ahead with its planned public filing while its bankers at Morgan Stanley canceled marketing meetings with investors this week, Financial Times reported, citing people familiar with the matter. The fitness platform, backed by SoftBank and Tencent, was originally expected to raise up to $500 million in the IPO. Ximalaya, which had issued a prospectus in April, also canceled its US IPO in recent weeks. “After communication with the relevant regulators, Ximalaya understands that a Hong Kong listing would be regarded as a preferred outcome,” people with knowledge of the matter told Financial Times. LinkDoc, which due to price its shares on Thursday and expected to raise more than $200m, shelved its Nasdaq IPO plans this week. The Alibaba-backed company offers a repository of big data for the healthcare industry such as clinical trials, AI diagnosis, and management.Ĭontext: Data security and cyber sovereignty are also what China emphasis in recent years.
#SOURCES DIDI CHINABASED LINKDOC US IPOTIMES FULL#
Last week, citing concerns over national data security, China’s Cyberspace Administration of China initiated a review of Didi, Full Truck, and Boss Zhipin, three recent US-listed technology companies On June 11, Beijing passed a new Data Security Law that regulates how companies collect, store and use data.
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